Spandana Sphoorty Financial has received approval from board to raise Rs 120 crore through issuance of up to 12,000 Secured, Rated, Listed, Redeemable, Transferable Non-convertible Debentures (NCDs) having face value of Rs 1,00,000 each.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.